Alkane is pleased to announce the latest exploration results and drilling around the Boda-Kaiser resources at its Northern Molong Porphyry Project (NMPP) in New South Wales.
Program Summary
- Near Boda-Kaiser, exploration continued with the drilling of various targets testing areas for new Au-Cu mineralised centres. One diamond core drill hole and one reverse circulation (RC) drill hole were completed, testing the area between the Kaiser and Boda deposits. Three RC drill holes were completed to the northeast of Boda-Kaiser, testing targets generated from IP and surface geochemical surveys. The diamond core drill hole intersected a magmatic root zone to an intrusive-hydrothermal breccia. Further drilling is planned to test along strike and up-dip of this breccia.
- District exploration included four RC drill holes testing IP chargeability targets hosted by the Comobella Intrusive Complex at the Haddington and Glen Hollow prospects. The program confirmed the chargeability anomalism intersecting monzonites with pyrite and lesser Cu-Au mineralisation in most of the drilling.
- Mobile Magnetotellurics (MMT) was flown over the project area north of the Boda-Kaiser deposits, defining six high-priority targets for porphyry-style systems at Driell Creek, Murga, Gollan North, and two new prospects named One Tree and Old Station. On-ground validation of these targets has commenced.
Assay Highlights
- Boda-Kaiser corridor area (KAI226)
- 23.5m grading 0.17g/t Au 0.14% Cu including 3.2m grading 0.31g/t Au 0.23% Cu
- 42.1m grading 0.16g/t Au 0.14% Cu including 4.8m grading 0.59g/t Au 0.29% Cu
- Boda-Kaiser near deposit exploration (BOD168)
- 9m grading 0.30g/t Au 0.01% Cu
- NMPP district exploration drilling (HAD001)
- 3m grading 1.74g/t Au 0.07% Cu
- 9m grading 0.13g/t Au 0.08% Cu including 3m grading 0.36g/t Au 0.11% Cu
Alkane Managing Director & CEO Nic Earner said: “These results continue to add to the understanding of the Boda–Kaiser project, showing the scale potential of the system and the possibility for further growth. We are progressing the studies and consultation required for project approval by the regulator, and we expect to add further value to the project as we continue to explore the wider Northern Molong Porphyry system.”